Demand for Florida property is high right now. So high, in fact, that a Miami agent has expanded to cope with surging activity from overseas investors.
At the end of 2011, Las Vegas' housing market looked set to be on the rebound, with investors taking a gamble on the foreclosure-hit state. Sales were up by 18 per cent in February 2012, according to the Las Vegas Association of Realtors, while sales continued to climb in March as prices stayed low. But now mixed signals are coming from different reports.
The average price of prime property around the globe fell for the first time since 2009, according to Knight Frank.
Realtor.com published its list of America's Top 10 "Turnaround Towns" last week - and Florida accounted for seven of them. The state, hardest hit by the financial crisis, is showing signs of rallying as foreign investors continue to take advantage of the low-priced property before the market recovery fully takes hold.
Limited housing supply and heightened demand drove Miami property prices up in the first quarter of 2012, reveals the Miami Association of Realtors. The association's report shows that despite short sales and bank-owned properties continuing to account for a significant percentage of closed home sales, average sales prices are getting higher.
Dubai caused a splash this month when the emirate launched plans for an underwater hotel. But while the building's ambitious design has won waves of followers across the globe, Dubai's submerged development is not the world's first water-logged resort. And so TheMoveChannel.com straps on its scuba gear to dive into the depths of the real estate market and bring up the world's top underwater homes.
A mortgage expert has added his voice to the crowd of experts saying that America's housing market is reaching its bottom.
France remains a firm favourite for British buyers, according to the Overseas Guides Company, which provides free guides to 15 countries.
Foreclosure rates in America fell in March, according to CoreLogic's latest report.
Last month, the trend for listing whole towns for sale was cemented by Henry River Mill Village in North Carolina. Now, that trend is set to continue with the arrival of South Georgia on the market.
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